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NewRiver REIT ( (GB:NRR) ) has shared an update.
NewRiver REIT announced that its Chief Financial Officer, Will Hobman, exercised 140,439 nil cost options under the company’s Deferred Bonus Plan, resulting in an increase of his beneficial interest in the company. The transaction was executed to cover tax liabilities, and no new shares were issued, as the shares were transferred from the Employee Benefit Trust. This move aligns with the company’s regulatory compliance under the UK Market Abuse Regulation and reflects internal financial management practices.
The most recent analyst rating on (GB:NRR) stock is a Hold with a £74.00 price target. To see the full list of analyst forecasts on NewRiver REIT stock, see the GB:NRR Stock Forecast page.
Spark’s Take on GB:NRR Stock
According to Spark, TipRanks’ AI Analyst, GB:NRR is a Neutral.
NewRiver REIT’s overall score reflects strong financial performance with robust revenue growth and profitability, tempered by high leverage risks. The technical analysis indicates potential bearish trends, while the valuation suggests the stock may be undervalued with an attractive dividend yield. The absence of earnings call and corporate events data limits further insights.
To see Spark’s full report on GB:NRR stock, click here.
More about NewRiver REIT
NewRiver REIT plc operates in the real estate investment trust industry, focusing on retail and leisure properties across the UK. The company is involved in the acquisition, management, and development of commercial properties, catering to a diverse range of tenants and aiming to deliver sustainable income returns to its investors.
Average Trading Volume: 916,840
Technical Sentiment Signal: Sell
Current Market Cap: £302.9M
For a thorough assessment of NRR stock, go to TipRanks’ Stock Analysis page.